Restoration Hardware Posts Profit

December 11, 2012  by in UnCategorized   

By Aggregated Content in Furniture Retailing on December 12, 2012 from http://www.rttnews.com/2022505/restoration-hardware-posts-profit-tops-estimate-update.aspx?type=ern

Restoration Hardware Holdings Inc. (RH: Quote) Wednesday reported a profit for the third quarter, compared with a loss last year, as the home furnishings retailer benefited from strong growth in revenues as well as absence of one-time charges recorded in the year-ago period. The company's quarterly earnings and revenues came in above Street estimates.

Restoration Hardware, which made its debut on the NYSE last month, sells furniture, bath linen, and other items through its stores and website. The company competes with retailers such as Williams Sonoma Inc (WSM) and Ethan Allen Interiors Inc. (ETH).

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